Hydrogen Bank I – 720 million EUR incentive for 7 producers, but consumption is still lagging behind

Hydrogen Bank I – 720 million EUR incentive for 7 producers, but consumption is still lagging behind
Hydrogen Bank I – 720 million EUR incentive for 7 producers, but consumption is still lagging behind
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Published: 2024-05-09 20:01

Fuella 117 MW ecological hydrogen and ammonia plant in Norway won the competition of the European Hydrogen Bank. Company visualization.

In the first auction of the EU’s European Hydrogen Bank (EVB) subsidy announced last week, a total of 720 million was allocated to seven ecological hydrogen projects with a total electrolysis capacity of 1.5 GW. Eur.

In the auction held for the first time, which aimed to reduce the price gap between ecological hydrogen and that which is produced using fossil fuels, surprisingly low prices were obtained. The prices achieved are astonishingly low, and the lowest is just 0, …

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Tags: Hydrogen Bank million EUR incentive producers consumption lagging

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